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INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.

Panama City

209 Sherman Avenue

4 Beds

4 Baths

1,920 Sq.Ft.

$250,000

MLS#: 1012259

**TO-BE-BUILT LOT** PICK YOUR FINISHES! $15K FLEX CASH TOWARDS DESIGN OPTIONS, RATE BUY-DOWN, OR CLOSING COSTS! Welcome to The Eyrie, a thoughtfully curated new community where refined living, natural beauty, and everyday convenience come together. Nestled just off Mack Bayou, this intimate neighborhood encompasses 32 thoughtfully planned homesites, offering a sense of privacy, space, and a seamless connection to the surrounding landscape.

Ideally located just a short drive from the iconic 30A corridor, The Eyrie places you near some of the Emerald Coast's most cherished destinations while providing a peaceful, nature-inspired setting to call home. Designed to complement its surroundings, the community features a serene pond and a natural palette of earthy tones that reflect the beauty of the area.

The Chopin floor plan offers 5 bedrooms and 4.5 baths, thoughtfully designed to accommodate both everyday living and effortless entertaining. A highly desirable first-floor bedroom provides flexibility for guests or multigenerational living, while the open-concept main living area features soaring 10ft ceilings and an abundance of natural light. Upstairs, an impressive loft offers versatile additional space that can be tailored to suit your lifestyle, perfect for a media room, home office, playroom, or additional gathering area. A bright and inviting sunroom provides a peaceful retreat with views toward the surrounding natural setting. The thoughtfully designed kitchen features ceiling-height cabinetry, quartz countertops, and a stainless-steel gas range with a vented hood. Quartz countertops continue throughout the home, creating a cohesive and elevated aesthetic. High-end finishes come standard, including a durable metal roof, impact-rated windows and doors, luxury vinyl plank flooring throughout all common areas and bedrooms, and 8ft interior doors.

Homeowners also have the opportunity to personalize their residence during the design appointment by selecting from available finishes and upgrades, allowing each home to be uniquely tailored to its owners.

Prices may vary based on lot selection and available upgrades. This listing reflects the base price of the home. Photos are representative and are not of the exact home. Home is not furnished.

Santa Rosa Beach

22 W Staver Lane Lot 2

5 Beds

4 Baths

2,672 Sq.Ft.

$693,000

MLS#: 1012222

Santa Rosa Beach

76 Gulfview Heights Street

6 Beds

5 Baths

2,748 Sq.Ft.

$2,750,000

MLS#: 1012293

Lasata 3407 | A Quaint Retreat in the Heart of Sandestin
Discover a charming place to call your own within Sandestin Golf and Beach Resort. Located in the Lasata building of the Grand Complex, this beautifully presented 396-square-foot studio offers an inviting, low-maintenance retreat for those who want to spend less time maintaining a vacation home and more time enjoying everything Sandestin has to offer. TheFull Florida Lifestyle.

The studio features a comfortable open layout with two beds, a kitchenette, full bath and private balcony overlooking the lush surroundings. It is an ideal setting for spontaneous beach weekends, golf getaways, seasonal escapes or simply having your own place waiting for you whenever the coast calls.

What makes this property truly special is its location.

Lasata places you just steps from The Village of Baytowne Wharf, the waterfront gathering place along Choctawhatchee Bay known for its restaurants, boutiques, nightlife, live entertainment and year-round festivals and special events. Baytowne Wharf currently features more than a dozen restaurants, approximately 15 retail shops and multiple nightlife venues--all within the Sandestin resort community. And when you are ready for the beach, one of Sandestin's most distinctive features makes getting there especially convenient. The resort stretches from the bay to the Gulf, with an underground tunnel beneath Highway 98 allowing owners and resort guests to travel between the bayside and beachside portions of Sandestin without crossing the highway at street level.

For the golfer, Sandestin is a destination in itself, with four championship courses and 72 holes of golf, including Baytowne, Raven, The Links and Burnt Pine. Baytowne Golf Club is especially unique, extending from the beach side of the resort toward Choctawhatchee Bay.

Days here can be as relaxed or active as you choose: morning coffee on your balcony, a round of golf, an afternoon on the sugar-white sand, time at the pool or fitness center, tennis or pickleball, followed by dinner, live music or a festival in Baytowne Wharf. Sandestin also operates resort transportation connecting destinations throughout the property, including the beach, Baytowne Wharf, golf courses and recreational amenities.

Miramar Beach

9600 Grand Sandestin Boulevard UNIT 3407

None Beds

1 Baths

396 Sq.Ft.

$209,900

MLS#: 1012315

Located in unincorporated Bay County, this 3BR/2BA home features a large fenced backyard and a detached 1BR/1BA unit--great for flexible living. Close to Tyndall AFB, Panama City Beach, parks, and shopping. Unincorporated status may affect taxes/insurance; verify individually.

The main home received ~$28,000 in upgrades: fresh paint, updated fixtures/outlets, quartzite kitchen counters, quartz bath counters, new sinks/faucets/hardware, and updated door hardware throughout. Includes a pantry and laundry room.

The detached unit (former beauty salon) was converted to a 1BR/1BA with tiled shower, vanity, kitchen sink, tankless water heater, and window AC--not yet permitted with the county. Buyers should verify zoning, permitting, STR eligibility, and any agricultural classification for the chicken coop.

Backyard fits a boat/vehicle/trailer, plus a fire pit and chicken coop. ~10 miles to Tyndall AFB, ~20 miles to PCB. Nearby: Bay Dunes and Harders Parks.

Note: shed in photos have been updated and have been virtually staged using AI.

Panama City

5405 Duneridge Road

3 Beds

2 Baths

1,380 Sq.Ft.

$315,000

MLS#: 1012228

Well maintained home in Driftwood Estates features 1,736 sqr ft. of open living on one level. This must-see 3 bedroom/2 bath home includes an office, a covered patio and 2-car garage. Other highlights include, Kitchen Island, granite in the kitchen & bathrooms; elegant tray ceilings in the master bedroom and study; and vaulted ceilings in the living room offer homeowners a relaxed & airy feel. Driftwood Estates Community is a desirable neighborhood situated minutes from the Beaches of South Walton and 30A. Community features include a pool, ponds, sidewalks, parks and beautifully landscaped common areas. Driftwood is positioned minutes from Sacred Heart Hospital, Walton county Schools, shopping, dining, and entertainment.

Santa Rosa Beach

493 COCOBOLO Drive

3 Beds

2 Baths

1,736 Sq.Ft.

$2,850

MLS#: 1012296

Welcome Home to this spacious and beautifully maintained **4-bedroom, 2.5-bath home**, offering **2,260 square feet** of comfortable living space. Built in **2014**, this home features a versatile floor plan with plenty of room to spread out, including a **bonus den upstairs** and a **sunroom/office on the first floor**--ideal for working from home, a playroom, hobby space, or additional sitting area. The main level features **newer LVP flooring installed in Spring 2023**, giving the downstairs living areas a fresh, updated look. The kitchen is well-appointed with **granite countertops, stainless steel appliances, subway tile backsplash**, ample cabinetry, and plenty of workspace for everyday living and entertaining. Upstairs, you'll find **newer carpet installed in Fall 2022** on the staircase and throughout the second floor, along with generously sized bedrooms and the additional bonus den. The oversized rooms and multiple flexible living spaces provide plenty of options to fit your needs. The home has been thoughtfully cared for, with the **HVAC professionally serviced twice a year**. The interior has also received a fresh coat of paint, while the exterior has been power washed and the landscaping refreshed.
Enjoy added backyard privacy with a **wooded area directly behind the property and no homes immediately behind you**--a great setting for relaxing or entertaining outdoors. Conveniently located for an easy commute to **NAS Pensacola** and close to the beautiful **Perdido Key beaches**, shopping, dining, and recreation. With over **2,200 square feet, four bedrooms, multiple bonus spaces, updated flooring, and a private backyard setting**, this home offers the space and flexibility you've been looking for.

Pensacola

3878 Weatherstone Circle

4 Beds

2 Baths

2,260 Sq.Ft.

$340,000

MLS#: 1012314

Gulf front two-bedroom condo; Fully renovated, fully furnished, fully onboarded and fully booked. This two-bedroom, two-bathroom condo went live on the rental market May 20, 2026 and is projected to exceed $60,000 in gross rental actuals in just over 7 months on the market as a new listing with no previous reviews. We have included the actual rental information and 2027 projection in the photos.

In addition to being gulf front, this unit is located on the extremely desirable portion of 30A East adjacent to Alys Beach and Rosemary Beach. This particular location boasts some of highest occupancy and average daily rates on all of 30A.

The next owner will get a long list of both tangible and intangible assets with this purchase. Tangible assets include a fully renovated and aesthetically planned and furnished asset from start to finish. Hard wood floors, light fixtures, shiplap, new counters, kitchen cabinets to the ceiling, renovated bathrooms, custom bunks, fully stocked linens and rental essentials, fans, décor and much more.

The intangible assets list is equally impressive. The unique advantages of buying a fully renovated and operational asset is both time and money. The investor will be buying the completed product including all time to execute a renovation. This investor will be able to roll a much larger portion of the final product into a loan instead of tackling a cash-heavy renovation project. Another huge benefit here is the potential for a much larger bonus depreciation tax deduction with a renovated asset. Less cash out of pocket, bigger tax deduction. A buyer has the ability to receive rental revenue before the first mortgage payment goes out.

These photos and description are not ai generated, all information to be verified by buyer.

Inlet Beach

8682 E County Road 30A 102

2 Beds

2 Baths

1,056 Sq.Ft.

$1,495,000

MLS#: 1012279

Beautifully updated home in Seacrest Beach is ideally situated to offer privacy and excellent rental potential. Abutting the community nature preserve and trails, the fully privacy-fenced back yard lends itself to outdoor entertaining with a screened porch, a fire pit, and gorgeous landscaping. Inside, the home has updated flooring, remodeled kitchen and bathrooms, custom built-in furniture, new HVAC, Trex decking, and other luxury finishes. Bikeable to Rosemary and Alys on new trails. Owners and guests enjoy exclusive resort-style community amenities including a 12,000 sq. ft. zero-entry lagoon style pool, seasonal tram service to the beach, and more. Trail has been added to the back that you and family can ride or walk to Alys Beach and other restaurants without being on the street.
Comes with approved plans for a pool and extension

Inlet Beach

63 The Greenway Loop

4 Beds

4 Baths

2,084 Sq.Ft.

$1,650,000

MLS#: 1012254

Freshly renovated with new flooring through out. New Kitchen Cabinets and Hood. Bathrooms have New Toilets, and Vanities. Priced Right! No HOA!
Great Starter home!

Fort Walton Beach

618 Gap Creek Drive 30

2 Beds

1 Baths

960 Sq.Ft.

$165,000

MLS#: 1000557

NEW CONSTRUCTION TO BE BUILT! Built by Samuel Stevens & Associates, a well-established local custom builder with a proven reputation for quality construction and craftsmanship. The Contemporary floor plan offers 1,900 square feet with 4 bedrooms, 2 baths, a spacious 3-car garage that is oversized and features higher doors and ceilings to accommodate larger vehicles, and a covered rear porch. For buyers looking to downsize without downgrading, this thoughtfully designed floor plan offers a more manageable footprint without giving up quality, finishes, storage, or custom details. The open floor plan with high ceilings connects the kitchen, dining, and living areas, with cypress beams in the living area adding warmth and architectural detail.

Interior features include luxury vinyl plank throughout, custom-crafted cabinetry with soft-close doors and drawers, quartz countertops in the kitchen and bathrooms, tiled backsplash, custom all-wood closet shelving, designer lighting, Delta plumbing fixtures, and a professionally crafted trim package. Exterior features include professional landscaping, an irrigation system, brick entry way, and knee-high brick accent wall on the front that adds dimension and curb appeal to the home.

Navarre

Lot 7 Jewell Rd Road

4 Beds

2 Baths

1,900 Sq.Ft.

$476,100

MLS#: 1012249

#1012220

Santa Rosa Beach

50 E Staver Lane Lot 16

3 Beds

3 Baths

2,692 Sq.Ft.

$764,850

MLS#: 1012220

Destin

4040 Dancing Cloud Court UNIT 325

1 Beds

1 Baths

920 Sq.Ft.

$212,000

MLS#: 1012267

Set within WaterColor Phase 4, this impeccably maintained four-bedroom, four-and-a-half-bath two story residence backs to a lush preserve and has never been rented. The 3,327-square-foot home features an open main level with 10-foot ceilings, hardwood flooring, large windows overlooking the preserve, and a gas fireplace. The kitchen is equipped with professional-grade appliances, an oversized island that seats 5, and a walk-in pantry. A first-floor bedroom with ensuite bath and separate study or sitting room complete the main level.

Upstairs, the primary suite features a private covered porch with a swinging bed and a spacious ensuite bath with dual vanities, a jetted tub, a walk-in shower, a private water closet, and a walk-in closet. Two additional guest suites with adjoining baths, a separate bunk room accommodating four, and a second living area provide generous space for family and guests. A covered and screened porch extends the main living area outdoors and flows onto a back deck that stretches the width of the home.

WaterColor's extensive amenities include the Gulf-front Beach Club, multiple pools, the Boathouse, fitness and tennis facilities, Camp WaterColor, nature trails and bike paths, parks, and green spaces throughout the community.

Santa Rosa Beach

367 E Royal Fern Way

4 Beds

4 Baths

3,327 Sq.Ft.

$3,100,000

MLS#: 1012311

STARTING OUT OR SCALING IT BACK this might fit your budget!!! Conveniently located to schools, shopping, post office, banks, etc. Seller will contribute up to $10,000 towards closing costs, READY LATE NOVEMBER. Vinyl plank flooring throughout, quartz countertops, walk-in pantry, work island with bar seating, double vanities in primary bathroom, walk-in closets in both bedrooms. Call for more details.

Crestview

103 Dawg Lane

2 Beds

2 Baths

1,073 Sq.Ft.

$198,500

MLS#: 1012316

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.

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